T20 breakout stocks: Best swing trading stocks to keep an eye on!

A divergent trend was witnessed in the broader markets with Nifty Midcap 100 ending in green, while Smallcap 100 slipped lower. 

Indian benchmark indices witnessed a roller-coaster ride on Monday as after opening higher, Nifty went on to touch levels of 18,210.15. However, profit-booking emerged at higher levels, and it slipped lower to touch levels of 18,071.30 on the downside. But recovery was seen as Nifty staged a comeback of nearly 70 points from day’s low, but once again this pullback was used to lighten their positions. As a result, Nifty ended the day with modest gain. 

A divergent trend was witnessed in the broader markets with Nifty Midcap 100 ending in green, while Smallcap 100 slipped lower. 

Apollo Hospital: The stock had met the criteria of the T20 breakout system. It witnessed good movement in the first hour of the trading session and thereafter, it traded sideways. Once the stock manages to cross above the highs of Monday’s trading session, it would witness good momentum.  

Biocon: The stock had met the criteria of the T20 breakout system. It witnessed good movement in the first hour of the trading session and also, saw good momentum in the latter part of the trading session. Hence, it demands attention!  

BSE: The stock met the criteria of the T20 breakout system and witnessed a trending day. Furthermore, it has managed to close in the top quartile of the range while the volume activity was quite profound in the first half of the day. Hence, keep a close watch on this stock.     

Glenmark: The stock has made its way into the list as it closed above the 20-day high while its volumes are higher in the last 20 days. Moreover, the stock also closed near the day’s high. Hence, watch out for the stock!         

Suprajit Engineering: The stock jumped nearly 14 per cent and recorded its highest single-day volume since July 29. Hence, keep a close watch on this stock.